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Americans spent 4 percent of household income on gas in 2012

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In 2012, Chevron made $26.2 billion in profits. Exxon, $44.9 billion. Shell, $26.59 billion. At today’s prices, that’s enough to buy almost 25 billion gallons of gas in California.

Last year, Americans paid record-high average gas prices, a fact that is certainly linked to the oil companies’ massive profits.

Read the full story at Grist.org

Published on February 04, 2013 by asideproject.
Posted in Uncategorized

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